Four months ago or so I wrote a post entitled "How to Get Rich on 5 Pips a Week" (click here to read the original post). In that post I made the bold, and, as it turns out, incorrect assertion that using 10-1 leverage, 5 pips a week will turn into $1 million in 6-7 years. An astute reader (thank you, Christian), pointed out that I was way off in my math. While you can reach the million dollar mark on 5 pips a week it will take closer to 18 years, not 7, to get there (not accounting for taxes). After 7 years you'd be in the $50,000 range, still a lot of dough, but not a million by a long shot. Thanks Christian for helping me straighten that out.
Happy Trading!
Happy Trading!
